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SinoFortone Group said the £2bn investment would build two 299MWe biomass power stations by Orthios Eco Parks on Anglesey and in Port Talbot in South Wales.

Heat from the plants will be recycled by hydroponic and aquaculture centres, producing prawns and vegetables.

The Orthios team has designed their first Eco Park to sit on the former Anglesey Aluminium site at Holyhead , where more than 400 jobs were lost in 2009.

The Anglesey Aluminium pictured in 2009

Working with Rio Tinto’s Legacy Company they have approval for a 299MWe Biomass fuelled energy centre and will develop the Eco Park for the production of sustainable fish and vegetables production in large on land facilities that will sit adjacent to the group's energy centre.

They say they will develop the UK sites at Holyhead and Port Talbot over the next three years and then replicate the Orthios Combined Food and Power solution throughout China and eventually, in the developing nations of the world.

The investment was confirmed at the start of the UK visit of Chinese president Xi Jinping.

Dr Peter Zhang, CEO of SinoFortone Group, said: “We were impressed with the Orthios professional team and how much research and development they have invested in their unique combined food and power solution.

“Orthios have developed a modular, efficient and scalable deliverable solution for food and power production.

"With us and the Chinese State as their backers we are confident we can maximize efficiencies and provide a production facility to deliver this solution around the world.

“Orthios and SinoFortone are ready to commence the developments now and have planning permissions in place for the projects in two very strategic UK port locations.

Proposed biomass plant at former Anglesey Aluminium site in Holyhead

“We see this as a ground changing model that many countries will benefit from and are delighted to be teamed with the Orthios team.”

The initial concept for the Orthios Eco Parks model was sketched out by the two original founders, Sean McCormick CEO and Lewis LeVasseur COO.

Over the last 18 months with their team and the Chinese input a cohesive engineering solution has been developed; one they say has improved the efficiency of the production of electricity and the use of the waste heat and carbon dioxide to enhance the growth of fish and vegetables.

Julian Sandbach, director at JLL, the property consultant advising Rio Tinto, said: “Since we began work on this project in 2009, Rio Tinto’s priority has been to ensure the economic sustainability of the site by enabling a development that will have a positive impact on the local area.

“This investment represents a major milestone in delivering that legacy and will bring forward a redevelopment that has economic benefits and job creation at its heart.”

Brian King, a director at Anglesey Aluminium, said “Rio Tinto set out to provide a legacy for the local community and with the proposed Eco Park from Orthios with the backing of their Chinese partners, we look forward to the works commencing imminently and hope that over 500 long term jobs will be created promoting economic activity across Anglesey and Wales.”

MP Albert Owen at Holyhead Port.

Anglesey MP Albert Owen said: “This is fantastic news for Anglesey and for Wales in general. £2 billion of investment is a huge commitment to Wales and the creation of over 500 jobs on Anglesey will be a major boost to the local area.”